UK Gilt 10 Year Yield 0.6720 Spot Gold $1335.87 +1.21 Brent Crude $42.53 +0.28
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$ per £ 1.3055
$ per € 1.1089
€ per £ 1.1784
U.S. stocks jumped to record highs Friday after a strong jobs report for the month of July gave investors more confidence that the economy is still growing. Financial and technology stocks soared and investors sold the safe assets they have favored for most of this year. The Labor Department said U.S. employers added 255,000 jobs in July, far more than investors expected and the second straight month of strong gains after shaky reports this spring. Stocks made their biggest gain in almost a month. Banks traded higher as investors anticipated higher interest rates and bigger profits on mortgages and other loans. The Nasdaq composite closed at a record high as tech stocks continued to climb. Consumer companies also made big gains. Investors sold bonds, precious metals, and phone and utility companies, safe
investments that soared earlier this year as investors worried about the health of the economy. The Dow Jones industrial average rose 191.48 points, or 1 percent, to 18,543.53. The Standard & Poor's 500 index climbed 18.62 points, or 0.9 percent, to 2,182.87. The Nasdaq advanced 54.87 points, or 1.1 percent, to 5,221.12.
PRESS COMMENTARY
Thousands of retail investors are likely to be denied the chance of buying shares in Lloyds at a discount as the government is expected to abandon the plan in the aftermath of market uncertainty caused by Brexit, Times.
The 10 poorest performers in the EU bank stress tests have paid almost €20 billion in dividends since 2011, increasing the potential burden on bondholders and taxpayers should they fail, according to a new study, FT.
COMPANY NEWS
Melrose Says Window Shop Period For Nortek Expired Aug. 6.
Air France-KLM said its passenger traffic in July was hit by the strike of flight attendants at its French arm carried out between July 27 and Aug. 2, though strong activity at its low-cost unit offset the decline.
Smith & Nephew to Commence $300m Share Buyback.
Vinci SA said it bought the operator of a highway in Lima, Peru for about 1.5 billion euros ($1.67 billion) as part of a strategy to expand in Latin America.
Lok'nStore Group PLC Monday like-for-like revenue in the core self-storage business grew 5.2% in fiscal 2016 ended July 31.
YouGov PLC said trading for the year ended July 31 should be slightly ahead of expectations after a year of double-digit revenue growth. Source Quilter Cheviot
www.finance-spain.com
$ per € 1.1089
€ per £ 1.1784
U.S. stocks jumped to record highs Friday after a strong jobs report for the month of July gave investors more confidence that the economy is still growing. Financial and technology stocks soared and investors sold the safe assets they have favored for most of this year. The Labor Department said U.S. employers added 255,000 jobs in July, far more than investors expected and the second straight month of strong gains after shaky reports this spring. Stocks made their biggest gain in almost a month. Banks traded higher as investors anticipated higher interest rates and bigger profits on mortgages and other loans. The Nasdaq composite closed at a record high as tech stocks continued to climb. Consumer companies also made big gains. Investors sold bonds, precious metals, and phone and utility companies, safe
investments that soared earlier this year as investors worried about the health of the economy. The Dow Jones industrial average rose 191.48 points, or 1 percent, to 18,543.53. The Standard & Poor's 500 index climbed 18.62 points, or 0.9 percent, to 2,182.87. The Nasdaq advanced 54.87 points, or 1.1 percent, to 5,221.12.
PRESS COMMENTARY
Thousands of retail investors are likely to be denied the chance of buying shares in Lloyds at a discount as the government is expected to abandon the plan in the aftermath of market uncertainty caused by Brexit, Times.
The 10 poorest performers in the EU bank stress tests have paid almost €20 billion in dividends since 2011, increasing the potential burden on bondholders and taxpayers should they fail, according to a new study, FT.
COMPANY NEWS
Melrose Says Window Shop Period For Nortek Expired Aug. 6.
Air France-KLM said its passenger traffic in July was hit by the strike of flight attendants at its French arm carried out between July 27 and Aug. 2, though strong activity at its low-cost unit offset the decline.
Smith & Nephew to Commence $300m Share Buyback.
Vinci SA said it bought the operator of a highway in Lima, Peru for about 1.5 billion euros ($1.67 billion) as part of a strategy to expand in Latin America.
Lok'nStore Group PLC Monday like-for-like revenue in the core self-storage business grew 5.2% in fiscal 2016 ended July 31.
YouGov PLC said trading for the year ended July 31 should be slightly ahead of expectations after a year of double-digit revenue growth. Source Quilter Cheviot
www.finance-spain.com
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